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Tag Archive: Modelo Especial

Constellation’s Full-Year Sales Top $8.3 Billion, But Outlook Uncertain Amid COVID-19 Crisis

Constellation Brands continued to show solid growth in its fiscal year through February, with net sales up 3% to $8.34 billion and operating income rising 4% to $2.7 billion, but the company says results for its current fiscal year are impossible to predict at the moment in light of the COVID-19 outbreak. Continue reading →

Posted in News on April 3, 2020

Constellation’s Sales Up 2% In Second Quarter

Constellation Brands saw net sales increase 2% to $2.3 billion in its fiscal second quarter ended in August, as operating income grew 1% on a comparable basis to $792 million. Continue reading →

Posted in News on October 3, 2019

Constellation Sales Up 6% To $2 Billion In Fiscal First Quarter, Despite Wine And Spirits Slowdown

Constellation Brands enjoyed a strong start to its fiscal year, reporting a 6% net sales rise to just over $2 billion in the three months through May. Continue reading →

Posted in News on June 29, 2018

News Briefs for March 16, 2017

•Taiwanese whisky distiller Kavalan is expanding with a series of Sherry and Port cask-matured single malt whiskies. Continue reading →

Posted in News on March 16, 2017

News Briefs for March 15, 2017

•After a $115 million investment, Diageo has unveiled its new Bulleit distillery in Shelbyville, Kentucky. Continue reading →

Posted in News on March 15, 2017

Interview, Part One: Constellation Brands Beer Division President Paul Hetterich

Paul Hetterich, a 30-year veteran with Constellation Brands, was named president of the company’s beer division earlier this year. The Chicago-based unit—which imports Corona Extra, Modelo Especial and Negra Modelo from Mexico—is the third-largest beer marketer in the U.S. The division continues to drive strong earnings for the parent company, posting a 20% increase in net sales in the second quarter of fiscal 2017. SND contributing editor Terri Allan met recently with Hetterich to discuss the beer division’s remarkable growth trends. Continue reading →

Posted in News on November 30, 2016

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